159-79 Olmstead Drive

    Denison, TX 75020
    • $639,600
    • STATUS: Active
    • ON SITE: 187 days
    • MLS #: 13841268
    UPDATED: 43 min ago
    $639,600
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2002
    County:

    School Ratings & Info

    Offered by Frank Ventura of Easy Life Realty.

    Description

    Excellent opportunity for a Pilot to own a hanger and receive income on a long term ground lease that has 27 years left from a 40 year ground lease. Approximate annual income is $53 k for two hangers side by side, one hanger is a tri-plex with 3 tenants and the other hanger is a duplex with 2 tenants. Each of the 5 hydraulic doors are 47' wide & 14.5' clear height which will fit a Lear or most King Air planes. Both hangers are in excellent condition & front on an existing Taxi-way with swift access to the main runway. This is a one of a kind opportunity for a Pilot seeking an investment that will cover the cost of their own hanger. Technical Airport Info at website, northtexasregionalairport.com

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    © 2018 North Texas Real Estate Information Systems. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Kimberly Davis & Associates, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-11-17T13:41:01.193.
    www.ntxpropertysearch.com/homes/83541825

    159-79 Olmstead Drive Denison, TX 75020

    • Price: $639,600
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 13841268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    2002
    Built
    Neighborhood:
    North Texas Regional Airport
    County:
    Grayson
    Area:
    Grayson County
    Property Description
    Excellent opportunity for a Pilot to own a hanger and receive income on a long term ground lease that has 27 years left from a 40 year ground lease. Approximate annual income is $53 k for two hangers side by side, one hanger is a tri-plex with 3 tenants and the other hanger is a duplex with 2 tenants. Each of the 5 hydraulic doors are 47' wide & 14.5' clear height which will fit a Lear or most King Air planes. Both hangers are in excellent condition & front on an existing Taxi-way with swift access to the main runway. This is a one of a kind opportunity for a Pilot seeking an investment that will cover the cost of their own hanger. Technical Airport Info at website, northtexasregionalairport.com
    Exterior Features

    Construction Metal Construction Materials Walls Metal Foundation Slab Freight Doors Other Parking Or Garage Open Road Frontage Type Concrete Roof Metal

    Interior Features

    Ceiling Height 15 To 20 Feet Commercial Features Open SpanOther Flooring Concrete Heating No AirNo Heat Sq Ft Building 15600 Sq Ft Gross 25483 Sq Ft Leasable 15600

    Property Features

    Alarm Or Security Type Other Average Monthly Lease 4445 Building Area Source Appraiser Building Use Other Business Name Air Texoma Internati Commercial Zoning Comm Construction Status Preowned Gross Annual Expenses 0 Gross Annual Income 53340 Inclusions Building Only Income Expense Source Owner Leasable Spaces 5 Leased Spaces 5 Lot Size Source Appraiser Multi Zoning No Municipal Utility District No Net Annual Income 53340 Occupancy Rate 100 Owner Pays Other Possession Closing/Funding Property Type Com-Sale Special Notes Deed RestrictionsOtherSpecial Contracts/Provisions Tenant Pays ElectricOther Total Annual Expenses Include Other Utilities ConcreteOther Will Subdivide Yes

    Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. Data last updated 2018-11-17T13:41:01.193.


    © 2018 North Texas Real Estate Information Systems. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Kimberly Davis & Associates, Keller Williams Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-11-17T13:41:01.193.
     
    Kimberly Davis & Associates, Keller Williams Realty
    3600 Preston Road
    Plano TX, 75093
    Offered by Frank Ventura of Easy Life Realty.